Riverside at a glance
7,693
People
$711,000
Median sale
$546/wk
Median rent
3.99%
Suburb gross yield
Median sale from 66 recorded sales (last 12 months) — a Districts calculation.
$1,150,000
Last sold
17 Apr 2023
4
Bedrooms
2
Bathrooms
10
Car spaces
8,245 m²
Land
316 m²
Building
Districts View
No detected risks — but see the checklist: absence of evidence is not an all-clear.
Each line above is labelled. A fact is quoted from the named source, with its date. A calculation is worked out by Districts from those facts — you can check the arithmetic. An interpretation is Districts' opinion of what the evidence means, not a fact, a valuation, or advice. Anything we haven't retrieved yet is marked as missing rather than treated as a pass.
Price evidence
Last sold
$1,150,000
17 Apr 2023 · derived via latest_sale
Local land rate: recorded House sales in Riverside (last 5 years) with land size have a median of $803/m² of land (n=106). Districts calculation from recorded sales — not a valuation.
Riverside at a glance
7,693
People
$711,000
Median sale
$546/wk
Median rent
3.99%
Suburb gross yield
Median sale from 66 recorded sales (last 12 months) — a Districts calculation.
Vs Riverside
+61.7%
Median sale
Suburb $711,000
-1.52 pp
Gross yield
Suburb 3.99%
Suburb median $711,000 from 66 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
Planning
Planning scheme
West Tamar Local Provisions Schedule
Zone
Low Density Residential
129.10
Jurisdiction
West Tamar
West Tamar, TAS
Data unavailable
Source
Planning facts are copied from official government GIS where available. Where an official property PDF exists (VicPlan, PlanBuild), Districts stores and serves that original document. Neither is a planning certificate, survey, or advice.
Site
Terrain has not been calculated for this property yet.
Slope is calculated on a projected metric grid from a public DEM clip of the official parcel. This is not a survey, engineering, or insurance assessment.
Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Records
Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.
Capital growth
TASZoned Low Density Residential · 129.10 (West Tamar Local Provisions Schedule). Official parcel area about 8,257 m². Dual occupancy is not confirmed from the controls loaded for this lot. Two-lot subdivision is unknown without minimum lot size and frontage. This is a screen, not a planning certificate. Zoning and lot facts are a starting point, not proof this lot outperforms the suburb. Funded catalyst catchments are not loaded. A TOD badge is not this product.
Flood overlay has not been queried for this lot. Missing layer is unknown, not “no.” Minimum lot size is not loaded, so two-lot subdivision is not confirmed. Nearby development applications are not loaded for this property.
Rental
No advertised rent is recorded. Suburb median rent $546/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.
Current comparable rental listings within 400 m of this lot are not loaded. Nearby development applications are not loaded for this property. Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded. Suburb vacancy or leased-tape days are not this property’s competition.
Yield cannot be shown without both a price and a rent figure. Net yield is not estimated from gross advertising copy. Net yield / holding costs are not estimated outside NSW without inventing land tax.
Verdict
Districts view
Not enough official evidence yet to underwrite this as an investment.
Detail
The same ten questions apply to every property. Missing flood, nearby DAs, achieved rents, or lot geometry is unknown — not “no.”
Do not treat a suburb median, an advertised yield, or a listing score as the case for this lot.
The evidence loaded so far isn't enough on its own to change a buy, offer, or walk-away decision for this property.
Evidence
Districts asks the same ten questions of every property. If one shows as unknown, that data isn't published for this state or hasn't been loaded yet — the question stays visible so you can see exactly what's missing.
3 of 10 questions answered so far
Development optionality of this lot
KnownmediumZoned Low Density Residential · 129.10 (West Tamar Local Provisions Schedule). Official parcel area about 8,257 m². Dual occupancy is not confirmed from the controls loaded for this lot. Two-lot subdivision is unknown without minimum lot size and frontage. This is a screen, not a planning certificate.
Nearby development pipeline
UnknownNearby development applications are not loaded for this property.
Honest achievable rent
KnownlowThis is not “bond data says this address leases for $X.” The comparable figure is a suburb advertised/median rent, not this property. Official bond files (postcode or suburb × type × bedrooms) are not loaded yet.
Rental supply pressure
UnknownSupply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.
Why is this cheap?
KnownmediumOfficial parcel about 8,257 m² — land size can look like optionality. No material overlays were returned that would explain a discount. That is not proof the price is fair. Nearby DAs, easements, and flood-layer gaps can still explain a cheap-looking listing — those are not all loaded.
Lot-level flood
UnknownFlood overlay has not been queried for this lot. Missing layer is unknown, not “no.”
Catalyst exposure
UnknownFunded catalyst catchments are not loaded. A TOD badge is not this product.
This lot's DA history
UnknownNo DA adapter returned applications for this parcel.
Statutory land value versus ask
UnknownStatutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.
Net yield / holding costs
UnknownNet yield / holding costs are not estimated outside NSW without inventing land tax.
Area
Riverside at a glance
7,693
People
$711,000
Median sale
$546/wk
Median rent
3.99%
Suburb gross yield
Median sale from 66 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Harcourts LauncestonThis unique and expansive home is tucked away from the street, enjoying the seclusion afforded to a property with 8245 sqm (2 acres) of land, most of which is lawned and easy to maintain. The home has been architecturally designed and features high ceilings with huge panels of glass to fully absorb the country ambiance, generously proportioned rooms and a stunning master suite, positioned at one wing for privacy and quietude. This home will delight any family with an abundance of space inside and out and with an extra, separate garage/workshop, it will also be ideal for trades people. This fabulous property has been thoughtfully designed with all the extras assigned to a luxury property.
Features:
• A 2005 rendered home on 2 acres of private land
• Architecturally designed spacious home with open plan living
• An excellent wrap around deck off the kitchen/living and multi-purpose room
• Private, rural outlook with established trees and grounds
• Designer kitchen with butler's pantry, double oven & loads of storage
• Sunny living room with floor to extended ceiling height glazing
• Beautiful master bedroom suite with a gorgeous outlook, huge ensuite with spa bath & walk-in robe
• Four double bedrooms in total (all with a built-in wardrobe)
• Excellent additional multi-purpose room, ideal as office, media room, home gym
• Main bathroom features a large shower and separate toilet
• Ducted reverse cycle air conditioning (3 sections which can be separately controlled)
• Eco friendly features - highly rated insulation, tinted Comfortone Plus glazing
• Full data cabling throughout, surround sound & speakers in family room
• Security system, Clipsal C-Bus lighting system, ducted vacuum system
• Triple remote-controlled garage with internal access
• Extra 54sqm freestanding garage/shed/workshop
• Plenty of off-street parking & space for the caravan and boat
• Close to schools, shops, supermarkets and all city conveniences
• Close to a variety of community sporting facilities in Riverside & Trevallyn
• 10 Minutes' drive to Launceston's CBD & 5 minutes' to Riverside shopping centre
Contact Jeremy Wilkinson or Justin Reid for further information.
Rental estimate: Up to $700 pw
House size: 255 sqm
Garage connected size: 61 sqm
Garage/Workshop size: 54 sqm
Land size: 8245 sqm (2 acres)
Built: 2005
Council rates: $2,834 pa
Zoning: Low Density Residential
Council: West Tamar Council
Heritage listed: No
**Harcourts Launceston has no reason to doubt the accuracy of the information in this document which has been sourced from means which are considered reliable, however we cannot guarantee accuracy. Prospective purchasers are advised to carry out their own investigations. All measurements are approximate**
Listing description written by Jeremy Wilkinson, Harcourts Launceston — reproduced as published, not verified by Districts.